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Quote from: philipma1957 on January 12, 2022, 11:55:00 PM

Quote from: JayJuanGee on January 12, 2022, 07:48:37 PM

Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?

1 th earns .2296 usd a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day

126 th earns 28.93 usd a day

1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day

1260000th earns 289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600

so he earned about 10,000 days worth of coin rather than 1

best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.

So basically it was hitting a 10000 to one shot.

Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.

That is, once in 70 days - or 10 weeks.

Definitely not a once in a lifetime event, if Philip's numbers are correct.

my numbers are based on 1 day of mining ie 144 blocks

not on 1 block that would be 144 x 10000 = 1,440,000 to 1 for a block

or 10,000 to one for a day.

I used the daily payout for 1 th at viabtc.

to get the numbers.

This is not a once in a 70 Day chance, if it was we all be hearing about it and everyone would be solo mining... You will need about 17,500TH to be hitting a block every 70days.

You are using a PPS method to calculate the above. Statistically it is what you would generate with the current network difficulty.

Excluding fees/cost/etc and any network diff changes, you are earning 0.00065BTC a day

If difficulty was to never rise and fall, it would take approx 9,615 days to generate 6.25BTC or approx 26 Years.

Here are some numbers and facts to drool over...

Every hash has an equal chance of hitting a block
There is approx. 175,000,000TH or 125,000,000,000,000,000,000 Hash
126TH or 126,000,000,000,000 Hash is approx 0.000072% of the over all hash rate
Remember, statistically speaking, you will never hit a block, but that doesn't mean you will not get lucky. (glitch in the Matrix)

So yes it is a once in a life time hit.

On the day he hit his odds were 10000 to one. you do not understand the math i did no future calculations.
i did all based on one day at current difficulty.

read what i did and realize that i showed that 126 x 10000 all based on one day math.

based on todays difficulty

I know the odds for that day. are around 10000 to one.

you are calculating future which means nothing for my calculations.

the odds I gave are correct for the day he hit it.

no it was actually 1,400,000 to 1

Not sure where you are getting 10,000 to one from.

The future calculations give you an indication of how long he was expected to be mining for before he would hit a block, not hing to do with odd, just raw statistics.

Remember on that he only represented 0.000072% of the entire pool of miners, on that figure alone, would make it impossible too have odd of 10,000 to 1, hence the 1,400,000 to 1.

devide 144 blocks per day my odds are for the day.

1,440,000/144 = 10,000

you are correct the block odds are about 1,440,000
i am correct the day odds for 1 block are about 10000 to one.

As soon as posted that, i realise you were adding 144 blocks to the equation, i am not sure if that is a good idea, it is does misrepresent the shear scale of what he has done.

It like saying he had a 4 to 1 chance of hitting block in 6.5 years.

On another note, have you hit a block yet? never have over here!